A new environmental report released by the Los Angeles Department of City Planning (LADCP) offers a first look at a mixed-use complex planned in Koreatown.
The proposed development, slated for an approximately two-acre site 3525 W. 8th Street, would consist of a seven-story building featuring 367 dwelling units above 52,000 square feet of ground-floor commercial space. Plans also call for residential amenities such as a fitness center, multiple outdoor decks and parking accommodations for 791 vehicles and 456 bicycles.
The property, located between Oxford and Serrano Avenues, is currently developed with a two-story shopping complex and an associated parking lot.
A three-dimensional rendering from Nadel Architects portrays the proposed development as a modern white-colored building with colorful accents.
The environmental report states that construction of the project would occur over approximately two years, although an anticipated groundbreaking date is not stated. The proposed development would require several discretionary approvals, including a zone change and a general plan amendment.
City records indicate that the mixed-use complex is being developed by Florida-based real estate investment firm Rescore, which is participating in a similar project in Hollywood.